Correct me if I'm wrong but this is what MMX have that is worth $1.2 billion. What's BRM worth?
Koolanooka (Hematite) – DSO project in production; 1 million tonnes (“Mt”) per annum from an Ore Reserve of 7.9Mt at 57.8% Fe (as at 29 December 2007). • Koolanooka (Magnetite) – Significant magnetite Mineral Resource of 430Mt at 35% Fe, representing approximately 26% of the mineralised outcrop strike length. • Weld Range – Flagship haematite project with 133Mt JORC compliant Mineral Resource at 58.5% Fe from Madoonga and Beebyn deposits, representing approximately 38% of the mineralised outcrop length and with an exploration target of up to 299Mt across the tenements (including the Hampton Hill Mining JV). • Jack Hills – Hematite project with an initial JORC compliant Mineral Resource estimate of 15.4Mt at an average grade of 59.7% Fe with an exploration target of up to 36Mt of DSO across the tenements. There is the potential to supplement the DSO with a beneficiable ore product which is being further evaluated. • Robinson Range – Exploratory mapping programme of hematite deposits with rock chip samples having returned average assay ranges of 59.2% to 63.4% Fe.
BRM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
